COINDESK: BITCOIN, ETHEREUM, CRYPTO NEWS AND PRICE DATA·CRYPTO·
Here is why Strategy's dividend-paying crypto stock is crashing to near-historic lows
As reported by CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Strategy's bitcoin-backed preferred stock remains well below par value as concerns over dividend coverage and stronger competition from Strive's SATA.
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Strategy's bitcoin-backed preferred stock is currently trading significantly below its par value, nearing historic lows. This sharp decline is primarily driven by investor concerns regarding the company's ability to cover its dividends. Furthermore, increased competition from…
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